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Business - Page 55

Digital Trade Rules Raise Concerns in Africa

African countries are increasingly expressing concern that emerging global rules on digital trade could restrict their ability to shape the future of their economies, as negotiations continue within the World Trade Organization (WTO). At the center of the debate is the long-standing

March 26, 2026

Business·World

Cedi loses 2.2% in value to dollar since January 2024; 1$ going for GH¢12.43

The Ghana cedi has lost 2.2% in value to the dollar since January 2024. This is despite the existence of the International Monetary Fund (IMF) programme which the Board approved the first review programme last Friday, January 19, 2023. Last week, the

January 23, 2024

Business·World

You have 7 days to revoke VAT on electricity – TUC to government

The Trades Union Congress (TUC) has issued a seven-day ultimatum to the government, demanding the withdrawal of the imposition of Value Added Tax (VAT) on electricity consumption beyond the lifeline threshold. The General Secretary of TUC, Dr. Yaw Baah stressed on the

January 23, 2024

Business·Tanzania

Govt wants Tanzanite mine owners to respect laws

OWNERS of Tanzanite mines in Mererani, Simanjiro District in Manyara Region have been told to respect operational conditions stipulated in their licences. Simanjiro District Mining Officer, Nchagwa Marwa, said over the weekend in Arusha that Tanzanite mine owners must operate their mines

January 22, 2024

Business

Zanzibar makes international headlines

ZANZIBAR has continued making international headlines after one of the world’s famous television networks – CNN International – started showcasing the Isles’ jawdropping tourist attractions on Saturday. Through its famous programme known as CNN Quest World of Wonder, the network’s media guru,

January 22, 2024

Business·World

Mpango urges for increased agricultural investments

VICE-PRESIDENT, Dr Philip Mpango, has called upon Norwegian fertiliser maker, Yara International to scale up investments in agricultural infrastructure in Tanzania to the agricultural value chain. Speaking on the sidelines of the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland yesterday,

January 18, 2024

Business·World

Shell to exit Nigeria’s troubled onshore oil after nearly a century

Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4 billion. The British energy giant pioneered Nigeria’s

January 18, 2024

Business·World

Kenya lost 4.2bn shillings to Telegram shutdown in 2023

Telegram, a widely used social media platform in Kenya, faced an unexplained disruption coinciding with the country’s college entrance examinations. Speculations arose regarding the motive behind the outage, with some suggesting a connection to preventing examination malpractice, given that the app remained

January 17, 2024

Business·World

Niger Prime-Minister in Moscow to deepen military and economic ties

Niger’s Prime Minister Ali Mahaman Lamine Zeine is in Russia’s capital Moscow for talks aimed at deepening economic and military ties between the two countries. He is accompanied by Defence Minister Salihou Mody as well as Niger’s ministers of petroleum and trade.

January 16, 2024

Business·World

Nigeria’s inflation jumps to 27-year high

Inflation in Nigeria has risen to its highest rate in more than 27 years. The National Bureau of Statistics said the rate that prices were increasing over the year was up for the 12th straight month. On average, the price of goods

January 16, 2024

Business·Tanzania·Travel

Tanzania, Kenya resolve air travel restrictions dispute

Tanzania and Kenya have reached an agreement that the recently imposed restrictions on air travel should not stand. According to Tanzania’s Minister of Foreign Affairs and East African Cooperation, January Makamba’s post on X (formerly Twitter), the two East African economic powerhouses

January 16, 2024

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